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Abby White Acquires Multifamily Property In Concord, MA For $1.87M

Property Image
SOLD
$1,867,500

Massachusetts

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MultiFamily4,241 SF
Sold 06/21/2020
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Property Image
SOLD

Abby White Acquires Multifamily Property In Concord, MA For $1.87M

7 Lexington Road, Concord, Massachusetts, USA

See Similar Deals
MultiFamily4,241 SF
Sold 06/21/2020
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:4,241 SF
Transaction Type:Sale

Located at 7 Lexington Rd in Concord, MA, this multifamily property was recently sold in a closed transaction. The sale took place on June 21, 2021, with a sale price of $1,867,500. The property spans 4,241 square feet, resulting in a price per square foot of $440.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,867,500
  • Address: 7 Lexington Rd, Concord, MA
  • Market: Concord, MA
  • Seller's Rep: John De Angelis - Boston Environments
  • Buyer's Rep: Abby White - LandVest, Inc., Concord
  • Square Footage: 4,241
  • Price per Square Foot: $440

Represented by their respective brokers, John De Angelis from Boston Environments and Abby White from LandVest, Inc., Concord, the buyer and seller successfully completed the transaction. This closed deal showcases the expertise and professionalism demonstrated by these individuals and their agencies.

Players

1 deal$1.9M volume
BROKER

Details

SOLD
IMAGE: Abby White DATE: 06/21/2021 ADDRESS: 7 Lexington Rd MARKET: Concord, MA ASSET TYPE: Multifamily SELLER'S REP: John De Angelis - Boston Environments BUYER'S REP: Abby White - LandVest, Inc., Concord SALE PRICE: $1,867,500 SF: 4,241 ~ PPSF: $440

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Operating Income
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Net Operating Income (NOI)

$99,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,634.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,852.90
Annual Debt Service$106,234.83